ARTICLES ABOUT CITIGROUP BY DATE - PAGE 4

WASHINGTON (Reuters) - Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S. Federal Reserve, on Thursday defended his ties to Citigroup, saying he would have been ill-prepared for his last central banking job without his experience at the megabank. "My three years at Citigroup were the most important element in my education that enabled me to be an effective supervisor of banks, which was one of my duties as governor of the Bank of Israel," Fischer told the Senate Banking Committee.

(Reuters) - Citigroup Inc has reduced the annual compensation of high-ranking executive Manuel Medina-Mora following problems with controls against money laundering at the Mexico subsidiary he oversees. Medina-Mora, 63 and co-president of Citigroup, was paid $9.5 million in total compensation for 2013, according to a proxy statement filed by the company on Wednesday. That was down from the $11 million he received for 2012, which was reported in last year's filing. The latest filing said that a factor in Medina-Mora's pay was control issues at Banamex USA. Last year, regulators sanctioned that unit of Citigroup's Mexican bank for lax controls against money laundering.

NEW YORK (Reuters) - Citigroup Inc, which recently discovered it made some $400 million in fraudulent loans to a company in Mexico, found three other sets of smaller loans that may be suspicious, the bank's chief financial officer told a group of investors last week. The three sets of problem loans were for less than $10 million each, and the bank was reviewing its underwriting and monitoring processes, Sanford C Bernstein analysts who attended last week's presentation wrote in a report dated Wednesday.

(Reuters) - Top Citigroup Inc executives Manuel Medina-Mora and Brian Leach are taking the lead on an internal probe into alleged fraud at the U.S. bank's Mexican unit Banamex, the Wall Street Journal reported, citing people familiar with the matter. Citigroup said in February it had discovered at least $400 million in fraudulent loans at its Mexico subsidiary and said employees may have been involved in the apparent crime. Leach, the bank's head of franchise risk and strategy, is leading the internal investigation, while Medina-Mora, the bank's co-president and chairman of Mexico, is spending most of his time on the probe, the paper said.

NEW YORK, March 7 (Reuters) - British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd , but he retained the right to pursue the case in England. In a Friday filing with the U.S. district court in Manhattan, Citigroup and Hands' private equity firm, Terra Firma Capital Partners, jointly agreed to the voluntary dismissal of the U.S. case, "without prejudice to plaintiffs' rights to re-file those claims in England.